How much does it cost to build a house? – Forbes Home

The average cost of building a house is about $300,000Land cost is not included. With housing trends ranging from recycled shipping containers and self-contained homes to high-end smart homes with luxury tubs, it’s no surprise that new buildings range from 30 thousand dollars to several million. How much you will pay for your dream home depends on your taste, location, and demand for labor and materials. Consider budgeting a 15% contingency fund to cover unexpected costs or upgrades that come up during construction.

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Average new home cost per square foot

The average American family of three to four people can comfortably fit into a home of about 2,000 square feet. Costs to build a new home from the construction category around $150 per square footwhile luxury or custom homes can cost as much or less than financing allows.

* Costs in square feet

The price of building a house by state

The price of building a house largely depends on its location. This affects the cost of labor, materials and delivery as well as the price of the land plot. Compare bids from local builders to get the best price and quality of work.

Here are the average costs to build a 2,000-square-foot home in each state. Remember that city versus rural costs differ greatly. These prices do not include the cost of the plot and land development as well as features such as garages, decks or basements.

Construction cost estimator

Labor and material costs make up the bulk of your home building expenses, and these are highly dependent on supply and demand in your area. Always compare quotes from Local building professionals.

Pre-construction costs

Off-site living expenses

Dreaming of your new home is an exciting time. While planning your budget, it is important to consider concurrent costs such as living expenses during the construction period. Financing your new building means securing affordable housing so you can move in safely.

Building a new home can take anywhere from seven to 24 months to complete. The total schedule depends on the availability of materials and builders in your area as well as site accessibility.

plot of land costs

Purchasing the plot of land on which you are going to build is the first expense you will face. However, the value of the land is not included in our $300,000 Average because prices vary widely based on countless factors ranging from soil quality to the view from your new front porch. Check the prices of the plot of land in the location you want.

Water and sewage testing

After purchasing the land, you will need to inspect the property for water and sewerage to ensure that the home can have the proper water supply and waste drainage systems. This is especially important for new buildings and waterfront sites. This evaluation usually costs about $4500 But it may be cheaper if there are existing lines.

Demolition and dismantling

If you’ve purchased a site with a home that can’t be salvaged or is unwanted, add the cost of demolition to your budget. This can range from From $6000 to $20,000. To save and sell the features of the old building, dismantling can cost $24,000 or more.

House plans or architectural drawings

Next, you will need to either purchase or create house plans. You can buy pre-designed charts online for a small fee. If you want a truly custom home, budget to pay an architect or painter to design the floor plan of your dreams. Architect fees for residential projects may range from 8 to 12% of the construction cost.

Construction management fee

Your architect may recommend a construction management company to oversee your project. It is generally a good idea to hire an experienced project manager to help with:

  • workers coordination
  • Organizing the delivery of materials
  • Workmanship Quality Management
  • Complete the necessary paperwork

Their fee can range from 5 to 15% of the total construction. Working with an experienced manager that you can trust will save everyone a lot of time and headaches.

Building permits and local fees

Once you have plans, expect to pay building permits, impact fees, and all state or municipal fees before construction begins.

Exterior material costs for the house


When it’s finally time to start building your new home, the first count is excavation. Costs can range from about $1400 to $3200 It prepares the site for a solid foundation.


The foundation is one of the most important parts of your home and also a huge part of any building budget. Expect to spend between $4,500 and $13,500 For a typical slab foundation.

The foundation ranges with the basement from $18,000 to $80,000. The high end of this range means more livable space and a completed basement.


Your new home really begins to take shape during the framing phase of construction. Framing is the highest material cost for most new home builders. sawn timber framing averages in bulk $33,000 For a home in the United States this includes floors, walls, and roof trusses. Metal stud framing systems start from about $20,000.


Most home builders install affordable asphalt shingles. shingle roofing costs between $5,500 and $11,500. The total cost of your new roof mostly depends on which one is roof type You chose.


Like roofs, high-quality weatherproof sheathing and exterior siding is an investment in the durability of your home. siding costs average $12 per square foot. You can choose from several Siding typessuch as affordable vinyl or upscale natural stone.

private road

Paved driveway costs approx $4500 While the average gravel lane is much lower, near it 1500 dollars.


Moving your home from a construction area to a beautiful finished product requires a landscaping budget. Expect to spend something like 2000 dollars To install sod grass and other plants.

You can spend as much or as little money as you want on the garden, but remember that curbing the attractiveness of the house may be important in the future. Planting flowering trees or fruit now means you’ll enjoy their scent and yield for years to come.

Costs of interior materials for the house

Heating, ventilation and air conditioning

The cost of installing an HVAC (heating, ventilation, and air conditioning system) ranges from about From $7,000 to $12,500. This includes installing ductwork, central air conditioning and an oven. Costs vary depending on the climate in which you live, the size of your new home, and the type of HVAC system you choose.

You can add ambiance, warmth and maybe a Higher resale value by installing a fireplace or wood-burning stove. Building fireplace addition starts at approx $4500.


The cost of home plumbing depends a lot on the type of plumbing material. Copper pipe is the most expensive at around $9,000 for a typical 1,500-square-foot home. Options such as polyvinyl chloride (PVC), chlorinated polyvinyl chloride (CPVC), or cross-linked polyethylene (PEX) can cost half the cost of copper.

To get the best labor price, compare the prices before you Hire a plumber.

The cost of installing electrical wiring in your new home averages around 8000 dollars or approx $4 per square foot. The total price of this project depends on the material of the wiring, the complexity of the floor plan, the number of outlets and switches, and the type of electrical panel.

It is important to Hiring a qualified electrician For installation of new building wires. Your contractor will likely do this in two stages: “rounding” while the house frame is exposed and final finishing, once the drywall is installed. Find a professional if you plan to do so Solar panel installation To power your home.


To keep your home comfortable and energy efficient, it is important to have good insulation. Almost new home insulation costs 4000 dollars materials and labour. You can choose from several types of insulation, such as batting foam, blowing or spraying.

gypsum wall

Drywall installation costs around $2.25 per square footor average $25,000 for a full house. Remember that you are calculating the square footage of all the walls and ceilings in your new home. Your home will really start to take shape once you cover the walls with drywall or plaster.

doors and windows

Most homeowners pay between $6000 and $8500 To install new doors and windows for a new building project. The amount you pay very much depends on the door style and types of windows You chose.

Average interior doors around 250 dollars per door, including unity and work. Bi-fold doors cost less while pocket doors cost more. External doors range from From $400 to $3,500 By size and shape.

Typical double hung vinyl windows cost about $175 per window. Complex window structures, such as bay windows or bay windows, cost much more but add dimension and reduce the attractiveness of your home.

Cabinets & Countertops

Builder-grade lockers cost on average $6550However, many custom home projects include better quality or more than average size cabinets. For example, adding matching built-in items, an island or custom cabinetry, and drawer storage solutions will cost more, but it depends on local carpentry pricing.

average countertop USD 2450. Laminate is among the most affordable. Stones such as quartz, granite, or marble can cost up to $100 per square foot. Your favorite budget backsplash type like that.


Trim a house costs about 1500 dollars. Compare local carpenters quotes for the best price and quality workmanship. If installed improperly, planks and surfacing can affect the installation and life of new flooring.


Flooring usually costs between 1500 dollars and 4500 dollarsor approx From $6 to $10 per person square foot. You can choose from many Flooring types Depending on your budget and style. No matter what you buy, flooring installation will take your new build from the construction site to what feels like a home nearing completion.


The cost of painting your home professionally $5 per square foot According to local employment. You can save labor by DIYing this task. Before you start, learn more about different Types of paint In the market, be sure to use a face mask.


While shopping for supplies 5000 dollars From budget plumbing features, such as sinks, toilets, showers, and tubs. For luxury spa tubs, set aside more. For reference, all new bathroom costs Around $10,000.

The costs of lighting fixtures throughout your home depend on the amount of natural light and patterns you choose. Expect to pay for $3500 To light a 2,000 square foot home.


One of the last projects in your home is installing appliances. installation New Kitchen Appliances costs 3750 USDHigh quality countertops such as espresso machine are not included. smart home appliances It will cost more. Medium washer and dryer sets $1400.

Once you have a working refrigerator and stove, your new appliance will start to feel right at home.


Furnishing your home is a pivotal final step in home building that cannot be overlooked. While this depends on your style and the availability of furniture you want, furnishing a 2,000 square foot home can range from $20,000 to $80,000. Invest in durable and comfortable beds, sofas and tables for everyday use.

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